We have not nor will we ever enter a bear market. The Federal Reserve is standing ready to ensure that the stock market increases in value to ensure that the wealth of the middle class and of Main Street are increased. We are the reserve currency of the world. The Federal Reserve is the protector and defender of middle class savers and of fixed-income retirees, and the stern, unbiased, uncorruptible regulator of the TBTF banks.
15 x $4.65 = $69.75 / share ; that's what ulta's worth today using forward guidance
don't like the idea of using a p/e multiple of 15 for the past fast grower, ok, let's use a p/e of 20. that gets us to $93 / share. ulta is without a double slowing down on the growth side. And, it can be nearly completely replaced with more sales of the same brands ulta sells, but through amazon. amazon could literally smear ulta if it wanted to by just lower the price on the same items women buy at ulta and save them the wait in line and the parking hassle, not to mention a trip to the store all together.
The Nasdaq won't go down more than a few percent in my lifetime. It took almost 100 years, but the Fed has finally figured out how to protect our stock markets without ever creating another bubble. The last 1,000 point Dow recovery was proof that investors understand that the Fed will sustain the stock markets for generations without any more downturns. Although I wouldn't recommend more than 20% margin, I think that all investors must be fully invested in stocks, preferably internet stocks. The stock market is a foolproof way to make a fortune now that the Fed has taken all risk out of it. The new methodologies for calculating earnings are additionally very encouraging, as is the Fed's ZIRP policy, which makes buybacks dirt cheap for our companies. It just doesn't get any better than this. This is the New Paradigm. It's different this time!
Sorry but stock is way overpriced even though quarter was good. I don't know who would be buying at $170
dude jeffreies has a hold and 155price target out today where have u been
Agreed jhal. Increasing false breakouts of the last 4-6 months and even a bit longer were evidence of the market weakening. Then the transports breaking, and the rest of the indices following in months after it broke. Time to be cautious here and keep a short leash IF one wants to walk the dog at all.